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payor waiver benefit rider

Edelweiss Tokio Life -Payor Waiver Benefit Rider waives off future premiums in case of death, critical illness or total and permanent disability due to accident of the proposer (payor) so that the life assured continues to get the benefits

rider rates sample policy contract rider brochure

rider features

  • entry age 18 to 65 years

  • maturity age 70 years

  • rider term* equal to the premium paying term of the base plan.

    (Any base plan having limited pay and regular pay can avail this rider)

  • premium paying term* equal to the premium paying term of the base plan.

  • minimum premium rs. 3.40/-

  • maximum premium maximum premium will be restricted to 30% of the base product premium.

  • minimum premium to be waived rs. 1000/-

  • maximum premium to be waived no limit, subject to underwriting.

  • frequency of payment same as base policy. any premium rebate or modal factors will also be same as the base plan.

* Rider term will be same as premium paying term of Base Plan, subject to maximum age at expiry of 70. If the entry age of the proposer plus Base Plan premium paying term is beyond age 70, the rider would be of term 70 less entry age. Rider can be attached on any policy anniversary. In such case the rider term would be equal to the remaining Base Plan policy premium paying term subject to minimum of 5 years.

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